Asking Price: $300,000 Gross Revenue: $181,000Cash Flow: $69,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Young and fast growing P&C agency with $2 million in premiums in a well-located fully furnished office. Over 1300 policies in force, with 95% in auto and fire, 5% in commercial and life. This is a profitable agency with 92% retention. Most policies are in preferred personal lines, with a smaller percentage in standard and non-standard. Current robust marketing efforts target homeowners in the community. Prospect lists and leads database will transfer with the sale of the agency.
NDA required for detailed information.
About the Business
Number of Employees:
Well-located 1133 sf office with plenty of parking. Lease is $1200 per month and is current through Jan 30, 2020 – with an option to renew.
The insurance industry competitive landscape is fragmented, and the Seller has applied consistent marketing efforts along with a high level of customer service in order to grow his agency quickly.
Growth & Expansion:
Continue to delight the current clientele, follow up with existing leads, and utilize various corporate marketing resources to expand the book.
Personal Lines P&C Insurance Agency with Office and Leads
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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